Skip to main content

tv   MONEY With Melissa Francis  FOX Business  January 24, 2013 5:00pm-6:00pm EST

5:00 pm
i was ready to make my move. tdd# 1-800-345-2550 all for $8.95 a trade. tdd# 1-800-345-2550 can you believe it? tdd# 1-800-345-2550 i love it when you talk chart patterns. tdd# 1-800-345-2550 trade up to 6 months commission-free tdd# 1-800-345-2550 with a $50,000 deposit. tdd# 1-800-345-2550 call 1-800-284-9850 tdd# 1-800-345-2550 and open an account, tdd# 1-800-345-2550 now with no trade minimums. making the big romantic gesture. that's powerful. verizon. get a droid razr m by motorola in pink for $49.99.
5:01 pm
melissa: here's what is money tonight. professor and student reunite. i have wanted marty, my former economics professor since day one. he is finally here to talk about the g.o.p. plan to balance the budget in ten years. here's the question, why so long? we get to the bottom of it. i'm getting an "a." feels like the arctic tundra outside. there's mammoths walking down 6th avenue. now heating your home burns a
5:02 pm
hole in your wallet. a match not made in heaven. a woman finds a guy on match.com, and then he tries to kill her. now she's suing match for $10 million. could this take down the online dating business even when they say it's not, it's always about "money." ♪ all right, the top story, the new plan by republicans to balance the budget within the next ten years, what a novel idea. i would be floored except i cannot understand why it's going to take ten years to get it done. it doesn't take an economics degree from harvard to know you shouldn't spend more money than you make. here to break it down is the most fabulous, yes, in the universe, my harvard economics professor. i don't know how you live up to that, but you were my favorite professor. thank you so much for joining us
5:03 pm
today. >> that's very nice to hear. nice to be with you again. melissa: excellent. iwant to balance the budget in ten years, go to washington and help them with the math. that seems like a long time horizon to me. what do you think? >> well, it is a long time horizon, but the budget is way out of balance now. you know, five years ago, the deficit was less than 2% of gdp, and it's now 7%, and according to the congressional budget office, ten years from now, we don't make some further progress, we're still going to be looking at a deficit of 5% of gdp so the challenge is how do you turn that 5 into a 0? melissa: what difference does it make? people make the argument that balancing the books at home is not the same as the government balancing the books. deficit spending is fine. why does it matter, and when does it start to matter? >> it already matters.
5:04 pm
it matters because it drives up the national debt, and that creates problems. let me explain. five years ago, we had a national debt, which was relatively modest in comparison to our gdp. it was about 35%. it's now more than 70%, and it's heading towards 100%. what's the effect of having a large debt? well, first of all, you got to pay the interest on it. right now, interest rates are low, but that's not going to last. when interest rates rise, our taxes are going to have to be higher to pay that debt. now, not all of that debt is held in the united states so it's not a question of just having to pay taxes in order to pay the american holders of that debt. about half the debt is now held outside the united states. chinese, middle east, others. we're going to have to raise taxes in the u.s., produce goods
5:05 pm
and services in the u.s., and ship them to the chinese, to the middle east, and others. the bigger the debt is, the more of that we're going to have to do, so it's a serious problem, and it also means that things could get out of -- really out of whack as they have in europe if suddenly foreigners or others just don't want to go on holding that debt. melissa: do you think that happens? there's a lot of people that say, you know, they don't want to stop buying our debt because we're the best game in town no matter how bad it gets, but that would be the tipping point when they come in and don't buy our debt. people say that would never happen. you honestly believe that would happen? >> it certainly could. it's not that they wouldn't buy it. it's that the interest rates require them to hold it would be higher. if you go back to the early 180s, we were paying about 10%
5:06 pm
on ten year bonds. now we're paying about 2%. a combination of an unwillingness of foreigners to hold it or desire on their part not to hold it and perhaps increasing inflation, and, boy, we could be paying a lot. melissa: a lot of that has to do with the fed, in control of that, holding interest rates down. it's unclear how long they can keep that going. you know, the feds said today this is the slowest, worst recovery ever. they were looking quantitatively at growth of gdp from the low point, which was the second quarter of 2009. when you look at every recovery after a recession, you know, the best, the worst, and the average were below the worst ever. this is just -- why? why? why is this the worst recovery? what have we done wrong, and what can we change? >> well, two things. first, the recession was different from previous
5:07 pm
recession. a typical recession in the past was caused when the federal reserve raised interest rates to deal with inflation. once they felt they have done that, they lowered rates, and the economy bounced back. this time, that's not why we got into a recession. we got into a recession because of bad investment decisions made all across the board. mispricing of risk, everything from bank investors to people buying homes that they couldn't afford so the fed couldn't turn it around, and that was an important thing. the other thing is that when the government stepped in with fiscal policy, it was really badly designed. it was not powerful at increasing spending. all of that talk about shovel-ready projects didn't -- melissa: didn't materialize. >> that's right. there's a lot of transfer of payments to states and individuals that didn't end up doing much for the pace of the
5:08 pm
recovery. you're absolutely right. gdp has just not come back. melissa: a terrible recovery. professor, thanks so much for coming on. would you mind going back to the transcript and give me an a-plus. you know, we can talk about it later. >> i don't think i could do that. melissa: bet you could. >> all right, bye-bye. melissa: thanks for coming on. i had to try. senator mike lee is proposing a constitutional amendment to balance the budget. like it's not enough for lawmakers to understand the dire circumstances in, we need an amendment to the constitution to force them to only spend the money we send to washington and no more. here's what senator lee told me earlier. >> we need to do this because we need permanent structural spending reform so that we don't find ourselves back in the same position every six to 18 months raising the debt limit. melissa: i love it. why not get the house in order? bring in today's money power panel. james friedman, editor of the "wall street journal," and
5:09 pm
gretchen, executive director of public notice, and the president of better markets. welcome back to the show, everyone. gretchen, starting with you, what do you think about this? this help a lot? go ahead. >> it's a noble idea and should strive for it. there's things to take care of first. actually look at having a budget. it's been 1300 days since we had a budgetment find ways to cut spending and get the fiscal house in order, and a balanced budget amendment would be a great idea, but if we put it in place now, they would be forced to raise taxes rather than cutting spending, and so i think we need to take care of cutting spending before we go about doing this constitutional amendment. >> under the particular lee plan, they don't have to raise taxes. the best part of the plan is limiting spending and taxes to 18% of gdp. that's the debate in america right now is are we going to go with barack obama plan of 25% or more of gdp consumed by government or go back to a
5:10 pm
reasonable, historical 18% that mr. lee proposed. melissa: dennis, what do you think of that? automatically limit spending to 18% of gdp, currently, 23%, a billion dollars to shave off. >> we don't need gimmicks. we need guts. we don't need politicians claiming things are meaningful when they are not. 18% of gdp, you cut over a trillion dollars a year from the budget for ten years. melissa: right. >> rather than filing a bill saying someone else should do this, put out a budget, if you're a senator, budget that cuts a trail dollars from this year's budget. cut it from defense, discretionary, medicare, social security, step up, lay out your actual cuts. the problem we have isn't that we don't have enough gimmicks like the budget amendment. we got plenty of gimmicks. we don't have guts. are you going to cut medicare by that amount, or social security
5:11 pm
or defense? where are you going to cut? >> makes me hopeless as ever. nobody has guts in washington. if we need, i mean, we can't rely on gimmicks, need guts. you know, we're screwed. >> we do. that's where this comes, this balanced budget amendment comes in. can we get it done. if they can't cut spending on take on cuts in social security and medicare and prioritize what we have to do in the nation do you think they'll have the guts to have a constitutional amendment and agree on that? you have to wonder that. it's a agreed with the. i think it's a worthy one, but realistically, i don't know that it happens. melissa: we have not solved the sequestering problem. i don't know if people realize that. on mar of 1st. -- on march 1st, we have the automatic cuts. you like it. >> it's a start to fiscal sanity. melissa: i like it more and more. i'll tell you that. >> it's cuts. amazing. news flash that washington is
5:12 pm
going to restrain spending. melissa: dennis, what do you think? james is going to co-anchor the show with me in the future. >> cutting spending in theory, everybody agrees on, focus on real things. this spending is -- money is spent on very important things. social security, the average recipient of social security, their average income per year is less than 20,000 -- melissa: stop there, this is where we are bog down every time because we try to talk about what's fair, where can you cut, where can't you, and everybody has a dog in the fight. i mean, it almost makes sense to go on a percentage basis to everything. fair is fair, across the board except, if you put your except in and james, and, well, no, he won't -- >> melissa, if people really do that and spell it out what it means to do across the board cuts, that's fine if they would spell it out and agree to do it. remember, the spending is done
5:13 pm
on important things that people want to spend money on. they don't want to pay for it, but they want to receive it. melissa: i don't know. i don't want to receive anything. >> give some credit to republicans, like paul ryan, mike: lee who have spelled out cuts that have been attacked by the white house. every time they come out with it, medicare, you know, an untouchable thing, nobodyyments it touched, they talk of reforming it. there's no appetite to reform it. >> it's not just the white house too. the senate has to agent. also, let's not forget the house talks a big game and paul ryan talks big, but they need a majority. we have not seen the majority come through on deals like this. melissa: great point. do you think anyone really wants to cut spending? democrat, republicans,? i'm not sure anyonements to tackle the problem. >> it's a tough job ahead. they have no choice. it's the issue of our time. melissa: dennis, go ahead. >> spending and revenue in
5:14 pm
balance. not all by spending cuts, have revenue nrkzs, programs that people in the united states want. melissa: james? >> mike leements to cut it, johnson, it's not hopeless. there's votes. melissa: okay. guys, thank you so much. appreciate your insight. good stuff. >> thanks, melissa. >> thank you. melissa: today's market moment. the shares of apple. see this? a slow down on profit revenue growth shook investors falling 12%, taking $50 billion off its market cap. hammered. apple shares trading at the lowest level since january 30th of last year, and the noise dive weigh on the nasdaq sinking 23 points, but there was a new five year high in the s&p up fractionally. okay, next on "money," it is so cold, thinking of lighting a fire in the studio to be warm. you know, there's penguins and polar bears looking for coffee in the green room?
5:15 pm
that big freeze could melt cash in your wallet. we'll explain. we had a bad date, but the other person probably never tried to kill you. just saying. a woman sues match.com for $10 million after her date tries to murder her. is it match's fault? that's what we are wondering. more "money" coming up. ♪ i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal.
5:16 pm
nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office.
5:17 pm
[ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums
5:18 pm
5:19 pm
>> let's go. ♪ melissa: that's a live shot outside the studio in new york. the buildings are literally freezing. jake heroically escorting victims -- okay, it's a clip from "day after tomorrow." there is a cold snap and your heating bill is going through the roof. on average, paying $450 more for
5:20 pm
heating oil this year than last year, a huge increase. we go to phil flynn joining us from balmy chicago with the temperature 21 degrees. is it really? it's 12 here. >> it's a beautiful day. get the bathing suit out here. comparted to this morning, that is, we were like 7 degrees this morning, and it was chilly cold. i didn't want to get out of bed. i came here, you know, this, you know, the only thing good about this weather is it takes 20 degrees feels like heaven compared to this morning. melissa: i love the coat, very macho. >> thank you very much. melissa: it looks like a bonnet, but do what you got to do to stay warm, and you're a good sport to be outside in the cold weather for us. this could be my revenge because i was a local reporter in the past, and i had to stand outside, and i was told how stupid i looked in the snow.
5:21 pm
great, thanks. the topic of the day which i think is heating oil and natural gas prices. we're going to get absolutely burned this winter, no doubt about; right? wallet burnt to a crisp? >> well, getting burned is not a bad thing, the country is cold. could be a nice alternative, but the truth is, yes, you will. especially on different parts of the country, you know, especially in the northeast right now. you know, if you're in the new england area, the new york area, everything on the east coast, especially if you're deal heating with natural gas or heating oil, you get hit both ways. unlike, you know, a lot of rest of the country that benefited from shale gas production, in new york, we don't have the pipelines to get that gas down there, and in new york, today, the cash prices for natural gas hit a nine year high over $30, a million met trick btu. the price is 360, a difference
5:22 pm
from what you're looking at. melissa: the energy administration says on average if you have natural gas, it's $200 more this winter, better than heating oil at $450 more. that's average. people elsewhere, obviously, on the other end of that. on the east coast, you could pay more. i wonder how long does the cold have to last in order for us to feel the pinch? it's winter. always cold. this is not a big surprise. i mean, we knew this was coming. >> right. it is. you know, what happens, i think, with price projections, remember prices for the last few winters have been well below normal when you compare it to the price of oil and natural gas. natural gas prices are coming off historic lows, and while we are paying more, we're paying a lot less than we did, say, you know, five years ago. if you put it in that perspective, it's a lot better. you know, the problem, too, i think when you look at the heating fuels, it's not only here in the u.s. having these
5:23 pm
cold temperatures driving upment prices. if you look at europe, you look at asia, they, also, are having record cold so even if it warms up here, the pressure from those cold temperatures across the pond keep prices high too. melissa: i'm not sure you're under the coat. i can't see your eyes. >> what are you talking about? melissa: youssef -- now you look like howard stern. you're the best. >> thank you, my dear. melissa: i'll send you some tequila to warm up. >> thank you so much. i'll take it. can't wait, thank you. melissa: can you believe he did that for us? he's the best. oil moved on speculation that the pipeline resumes full capacity in a week. shipments through the pipeline showed earlier this week. the u.s. china and e.u. posted strong economic data, all of that news lifted oil futures 72
5:24 pm
crepts settling at 95.95 a barrel. kerry gave little hints about the pipelines today. he was asked about the initial approval in the confirmation hearing, and he said, quote, i'll make the appropriate judgment on the pipeline after the state department completes its review. natural gas output resumes at the site of the hostage crisis in the next few days, but not returning to full capacity for another month. all right. up next, worst state ever. a woman hooks up with a guy through match.com, and then he tries to kill her. now she's suing match for $10 million. is this a legal game changer for the online dating industry which is huge? we've got details. plus, some chicago and new york city officials rake in so much overtime pay that is dwarfs their actual salaries. it is so ridiculous it's bringing together me and the guy
5:25 pm
who i disagree with on basically everything. how can it be stopped? stay there for more "money." ♪ look, if you have copd like me,
5:26 pm
you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine.
5:27 pm
other side effects include dry mouth and constipation. nothing can reverse copd spiriva helps me breathe better. (blowing sou) ask your doctor about spiriva.
5:28 pm
5:29 pm
♪ melissa: match.com guarantees you to find someone special in six months, but it doesn't guarantee that person will try to kill you. date night turned nearly deadly after mary kay beckman met him, and after dating her, he stabbed her and left her for dead. take a listen to this. >> he broke into my garage and when the police arrested him, he said i was not there to hurt her, but to kill her. his intent was to kill me that night. melissa: she survived and suing the dating service for $10
5:30 pm
million. we know the online dating game is a big business. could something like this be a game changer? joining me now is my attorney. no, i didn't say that. i hope he's not watching. >> you'll get me in trouble at home with this topic anyway. my wife is going to confront me saying were you on match.com? my response will be lame, no, i was not looking at the stunning girls, but reading the terms of use. melissa: it was true, and what did you find? >> it's right here for my lovely wife. it's clear. match.com, according to common sense and the language right here, does not inquire into the backgrounds of the members. it doesn't conduct background checks. it's not liable for damages whatsoever. it is so crystal clear, and for her to think that the cia and fbi apparently owns match.com
5:31 pm
and will conduct background checks on not only these people and what they have done in the past, but what their intentions are in the future, is completely illogical. melissa: that is, but i mean, what is the burden of proof on her end? it does seem like, okay, you're paying for a service, i mean, there's something, trying to match you up with other people who you would think would be sane or have something in comn with you. you're not a murder. maybe if you are, you expect to be set up with another criminal, but they are trying to match you with someone like you. i don't know. >> okay. two things. one, it's new different than opening up the flood gates and letting people sue bars. it's just a place that they are offering for people to meet people. number one, and number two, she received threatening letters, and, by the way, i feel for her. i have to get that out of the way, outraged by the lawsuit, she is a victim, but for her to turn around and clog up the legal system with this lawsuit, i'm offended by that.
5:32 pm
she got threatening letters from him before he attacked her. at some point, she was in the best position to alert authorities, do what it took to protect herself and to sue match district.com, that's frif let to another level. melissa: op tv talking about, it lawsuit out this, scaring away people who would think about going on any of the sites to meet someone so isn't there a good chance, even if it's a frivolous lawsuit, they pay her to be quiet and go away. >> they should not. take it all the way and force her to pay the legal fees of the attorneys to defend the lawsuit. i have to say this, i don't know anything about match.com. i know they seem -- melissa: sure, you don't. >> exactly. dates, plenty. they are trying to run an honest business here, and they are now forced to incur costs it defend against this. it's really unfortunate and should be stopped. if they pay her, that's a
5:33 pm
dangerous precedent for others to sue. melissa: they say it's horrible, but the lawsuit is absurd. millions found love on the sites, know how fulfilling it is. doesn't make what happened in the case less awful. this is about a sick, twisted individual with no prior criminal record and not an entire community of men and women looking to meet each otherment doesn't have a leg to stand on, and you believe they won't settle with her to make us stop talking about it? >> absolutely. she wants $10 million. throw five grand at her? they shouldn't. take it all the way. melissa: thanks for your time. >> thank you. melissa: cute; right? should online dating sites have to do background checks for the members? your responses today split down the middle between yes and people should be cautious using online dating sites. we want to hear from you. like us on facebook.com or follow me on twitter at mely is-
5:34 pm
melissa a. francis. coming up on "money," nobody i like disagreeing with more than the map on your screen -- he's not there yet, but overtime pay is bringing us together. here's here to agree with me and explain how to stop the abuses. we'll show you him later. you know what he looks like. plus, on line dating nightmares, manti opened up about his girlfriend hoax, but has he cleared his name and brand from ruin? piles of "money" coming up. ♪
5:35 pm
5:36 pm
5:37 pm
5:38 pm
♪ melissa: heard of overtime abuses before, city job pay overtime on top of the normal salary. listen to this. a report shows one chicago city employee made more than 91,000 in overtime last year with the base salary of $77 by the way. he's not the only one. they made $30,000 in overtime each last year. you pay for that with your tax dollars. it's a huge problem. here to agree with me is joe.
5:39 pm
we've never agreed before. i mean, is the world ending? >> or agree with me. out agree with me. melissa: that's right, okay, we have something to disagree out of the gate. way to set that up. well done. this is a serious issue. >> sure. melissa: we both rolled eyes on it, and neithermented us to defend this was okay. over time pay, we just talked about, that was a police communications operator. i don't know what that is, but overtime pay of $91,000 on a salary of $77,000. a police detective, $76,000 on a salary of $87,000. it starts to make you think this is normal. what do you think about this? >> well, what it does is show overtime should be there for a good reason when people work hard and asked to work longer hours, they should get paid appropriately. when you have abuse of that system, it takes out from the men and women that are are actually, you know, should be getting paid overtime for
5:40 pm
working more than eight hours a day, and so i think this abuse is -- it's right to the taxpayers, as you said, melissa, goes to their pocketbooks, and how can you make more in overtime than your base salary. melissa: i wonder the mechanics of that. we have a department of water management operating engineer who made over time $63,000 on a salary of $91,000. a lot of them, as you said, their overtime is more than their base salary. you call it "abuse," see, i don't know if it's legal -- is it abuse? what makes it abuse? >> well, because let's take, for instance, i would prefer to have more people working that are unemployed right now. looking at two times the amount, double the amount someone makes. what we do is pay someone overtime when perhaps we could pay another individual, saving taxpayer dollars, and still getting the job done rather than having somebody perhaps, you know, taking the day and not getting as much done as they
5:41 pm
could be. not being productive, and then extending their pay and, in fact, not doing what they can do in an eight hours. one part of this is abuse. the second part is, again, as i said, get more people to work than paying ridiculous amounts of overtime and having more employees rather than less. melissa: well, that could cost more tot taxpayer because if you hire another person, then you incur the cost of all of their benefits in health care and pension and everything else along the way. >> sure. melissa: could be more expensive than paying overtime, and people make the case that, you know, 9-1-11 operators, prisons, menial hospitals, you know, facilities for the mentally disabled are staffed 24 hours a day, and that's why you have overtime, trying to find someone to work in the middle of the night. you know, it's an employee who is trained and works there, can't just sub someone in. >> right. i go back to being efficient though. melissa: yeah. >> looking at the efficiencies we are not gaining, and do you
5:42 pm
want an operator working 15 hours a day? no individual can be that sharp on the 14th hour of the shift. we want sharp people responding. we are tripping over dollars to pick up dimes. it would be more efficient if employees, perhaps, spent more on benefit, but more efficient jobs and save us in the long run. melissa: we're not picking on your city. we have some from new york. a nurse in bedford hills correctional facility in westchester, overtime salary was $150,000. the base salary was $58,000. i thought that was one of the craziest. well, thanks for coming on. even though we agreed, it was still fun. >> it is fun, and we'll fine something next week. mel kneel thanks for coming on. >> take care, melissa. melissa: coming up on money, manti te'o comes clean on the fake girlfriend hoax. is it enough to save face and
5:43 pm
millions potentially in the nfl? a master of trust joins us to explain. at the end of the day, it's all about "money." ♪ ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes
5:44 pm
of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally.
5:45 pm
5:46 pm
5:47 pm
♪ melissa: so all eyes on manti te'o's girlfriend hoax that broke last week. here's a lit of what he said in the interview. >> what i went through was real. you know, the feelings, the pain, the sorrow. that was all real, and that is something that, like, i can't fake. melissa: joining me now to makeceps of it is -- make sense of this all, what do you think? >> he did well. they were tough questions, and he fielded them well under the circumstances. melissa: what were you looking for as you sat there? i know i was looking for cracks, looking to see if he -- you stare close to the television, what were you looking for? >> it's a sad story to begin with. at first, we wanted to have
5:48 pm
sympathy for him, and now we are sad because this guy could be this naive, but what he was trying to prove -- melissa: that's the best outcome. >> yeah, he was trying to demonstrate he was not the manipulative guy he planned this to win. i think so being naive, being not that smart aren't bad outcomes for him, and he succeeded in doing that, but also being an authentically sympathetic character. melissa: he said, you know, he believed in this girl. he was, you know, into it with his whole heart. he did find out after he thought she died that it was a hoax. at that point, he was too embarrassed to admit it, and so he just went on with the lie, basically, for awhile longer, you know, which was a mistake, but what do you do? what would you have done? what am i going to do? was that the best possible story that he could have told in terms of marketing outcomes to try to preserve his brand and try to go on with life and put this bind
5:49 pm
him? if you were going to coach him as to what to say regardless of what the truth is, was that the best story? >> if i were to coach him, get out with the stories faster. stories get out in full, and you want to be ahead of the story, and he's behind the storiment given he's behind the story, this is a good outcome for himment i don't think he would want to have too many strong answers to respond to this. it would make it look like he was too shrewd. he doesn't look that way. now, you know, in the draft, coaches are going to look at him and say doo did do i want a good football player who is naive, could be better than one who gets in trouble a lot. melissa: what did he need to accomplish today? >> every day the stories go on, and you're not helping to tell the story, it's worse and worse for you. the story doesn't die until the main actor comes out and has their say. melissa: even then, it doesn't die. how do you make it end?
5:50 pm
>> this is not going to end, the news aspect is closing. i don't think there's much to reveal. he still got a ways to go before he can put this behind him. melissa: what does he have to deal? >> deal with it. going on before and after the draft, goes op taking the field the first time. when he does on a road game, there will be people in the stands with faces of his fake girlfriend, you know, as they jeer him. melissa: you said before, you know, what he needs to do today was to try and end the story and make it go away. that's why you go on a show like this, and, you know, he went on, sat there, and he was convincing, i thought. i watched it, and he seemed like a really naive guy. she asked him at one point, you know, how he could believe this. how he never met her, and the way he sort of hemmed and hawed at the answers, i thought he looked just really naive and young and that was believable, but there were, you know, other people said i'm gullible and
5:51 pm
that's rekick -- ridiculous. i don't know, did he achieve something? >> easy to forget he's just 21 years old, really young, not terribly experienced. the story that makes sense now is that he was gullible, embarrassed, and as a result, he made mistakes. melissa: on a scale of one to money, you know, able to put this behind him? >> it's a one. it's going to follow him every time it's mentioned. he's going to be in the public eye. melissa: a sad money meterment thanks for coming on. we appreciate it. forget gambling, prostitution, and waste management. the italian mafia rolls in the green from renewable energy. the amazing details that have don smiling in his grieve coming up. you can never have too much "money." ♪ twins. i didn't see them coming.
5:52 pm
i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal.
5:53 pm
nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above.
5:54 pm
and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist inteigence unit. tdd#: 1-800-345-2550 plus, i can talk to their global specialists 24/7. tdd#: 1-800-345-2550 and trade in my global account commission-free
5:55 pm
tdd#: 1-800-345-2550 through march 2013. tdd#: 1-800-345-2550 best part... no jet lag. tdd#: 1-800-345-2550 call 1-866-294-5409 tdd#: 1-800-345-2550 and a global specialist tdd#: 1-800-345-2550 will help you get started today. ♪ melissa: i need to hear more about that. it is time for a little "spare change." we started early. today we have fox news legal analyst, our very own david asman is here as well. thanks, guys. first up, a -- update. we told you about some weird sam would shortcomings and how they're not a full following is the thing to be.
5:56 pm
too many jersey are suing the chain. one alleges that so where ripped off more than $100 million from customers. the other lawsuit is still being ginned up. i have to start with you. >> you have to start with the lawyers. >> that is what is so crazy. 10 inches, the provinces, it makes a difference. it's all false advertising. they brought a class-action. is everybody getting gypped. >> you have to admit. how many -- there are a lot of franchisees. >> this is one of those little nagging lawsuits that clogs up our legal system and cost millions of dollars. they're going to settle, so this guy just figured, this is a way economic a million bucks. >> but you know who's going to make a million, lawyers. melissa: you always have to prove that you were involved or bought -- i mean, there's one in the building. >> class action lawsuits, that's
5:57 pm
where a million people get a dollar each and one lawyer gets a million dollars. melissa: that's exactly right. moving on, this time swedens agriculture proposing a carbon tax on meat. so much of the meat in sweden has to be imported that it supposedly puts a strain on the environment. sweden wants to discourage people from eating it. i feel like michael bloomberg is behind me and me, he was coy over their consulting. have i get an idea for you guys. melissa: i love me, and i hate taxes. there's nothing good about this story. how- melissa: just a stupid story. you're calling it as it is. >> i don't like me. think of all right. i honestly, did come into this. is this too much of the strain. we will defer to you guys. melissa: slap a carbon tax on anything. in the obviously are going to. why pick me? >> the whole thing is made up anyway. to give me started on your
5:58 pm
carbon taxes. a huge source of revenue. in the -- in his course of life, he spent years railing against the oil companies, and he just sold out. melissa: i feel like michael blumberg was behind this. melissa: i bet both of them. so this was interesting. apparently the italian mafia is infiltrating the renewable energy businesses the government offers billions in subsidies for wind and solar development. crime families are reporting land and then pressuring the owners to sell or offering long-term leases. and local officials are bribes. obviously, to expedite the approval. officials have enough clothes and more than $2 billion in assets and arrested some of the key players. i don't know. it seems like this is a perfect fit. the mafia and green energy. >> money and fraud. they get together. >> follow the "money".
5:59 pm
a lot of money in green energy. so they're going to. this is an opportunity. >> why do you rob banks? this is where the money is. that's why al gore and the others. the source of all our problems. >> allowing greed. that's -- right back. >> it is funny that the mafia has chosen this. they love it when they see a way to get money and fraud together. the carbon tax and all this global warming stuff. melissa: it's a free system. you can go in and rated, you can make money off it. that proves there is no free market. >> look at the whole when melting. that is a total fraud. it does not make energy cheaper. it does not create the jobs that the government says it creates. melissa: is a real? >> not today. not in new york. the county in ireland thinks it makes sense to legalize driving

100 Views

info Stream Only

Uploaded by TV Archive on